Nova Tax Provision vs Operating Income Analysis

NVFY Stock

USD 2.07 0.02 0.98%

Nova Lifestyle financial indicator trend analysis is infinitely more than just investigating Nova Lifestyle I recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova Lifestyle I is a good investment. Please check the relationship between Nova Lifestyle Tax Provision and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Lifestyle I Tax Provision account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Nova Lifestyle's Tax Provision and Operating Income is 0.51. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Operating Income in the same time period over historical financial statements of Nova Lifestyle I, assuming nothing else is changed. The correlation between historical values of Nova Lifestyle's Tax Provision and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Nova Lifestyle I are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Tax Provision i.e., Nova Lifestyle's Tax Provision and Operating Income go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Operating Income

Operating Income is the amount of profit realized from Nova Lifestyle I operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Nova Lifestyle I is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Nova Lifestyle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova Lifestyle I current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

At this time, Nova Lifestyle's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 186.1 K in 2024, whereas Discontinued Operations is likely to drop (24.3 K) in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	32.6M	29.0M	17.5M	16.6M
Depreciation And Amortization	756.8K	1.2M	822.1K	1.1M

Other Operating Expenses Depreciation And Amortization

Nova Lifestyle fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Net Debt	Non Current Assets Total	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Property Plant And Equipment Gross	Intangible Assets	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Non Currrent Assets Other	Other Assets
Total Assets		0.6	0.97	0.94	0.9	0.57	0.24	0.67	0.97	0.84	0.28	0.41	0.43	0.82	0.81	-0.12	0.54	0.15	0.16	0.16	0.75	0.56	0.17	-0.19	0.05	0.46
Total Current Liabilities	0.6		0.41	0.36	0.48	0.9	-0.38	0.93	0.42	0.64	0.78	0.8	0.79	0.65	0.67	-0.35	0.4	-0.4	-0.21	0.64	0.72	0.69	0.64	0.04	0.55	0.53
Total Stockholder Equity	0.97	0.41		0.99	0.89	0.36	0.37	0.48	1.0	0.77	0.1	0.24	0.22	0.76	0.74	-0.03	0.41	0.29	0.26	-0.05	0.62	0.39	-0.03	-0.19	-0.09	0.34
Net Tangible Assets	0.94	0.36	0.99		0.84	0.29	0.39	0.41	0.99	0.72	0.09	0.18	0.12	0.72	0.7	0.05	0.33	0.33	0.33	-0.14	0.53	0.3	-0.13	-0.19	-0.13	0.31
Retained Earnings	0.9	0.48	0.89	0.84		0.52	0.22	0.53	0.87	0.78	0.07	0.27	0.45	0.77	0.73	-0.46	0.47	0.1	-0.21	0.23	0.66	0.65	0.26	-0.33	0.18	0.36
Accounts Payable	0.57	0.9	0.36	0.29	0.52		-0.29	0.94	0.35	0.62	0.68	0.66	0.92	0.57	0.62	-0.52	0.64	-0.35	-0.38	0.82	0.72	0.87	0.82	-0.2	0.54	0.57
Cash	0.24	-0.38	0.37	0.39	0.22	-0.29		-0.27	0.33	-0.08	-0.47	-0.69	-0.3	-0.22	-0.15	0.19	0.02	0.87	0.35	-0.29	-0.25	-0.25	-0.28	0.06	-0.15	-0.26
Total Liab	0.67	0.93	0.48	0.41	0.53	0.94	-0.27		0.48	0.69	0.75	0.78	0.87	0.66	0.7	-0.33	0.7	-0.33	-0.16	0.71	0.84	0.81	0.7	-0.1	0.42	0.62
Total Current Assets	0.97	0.42	1.0	0.99	0.87	0.35	0.33	0.48		0.78	0.12	0.26	0.2	0.78	0.75	0.0	0.38	0.26	0.28	-0.08	0.61	0.37	-0.07	-0.17	-0.1	0.35
Common Stock	0.84	0.64	0.77	0.72	0.78	0.62	-0.08	0.69	0.78		0.27	0.57	0.47	0.95	0.99	-0.26	0.5	-0.31	-0.02	0.17	0.79	0.62	0.18	-0.12	0.16	0.41
Other Current Liab	0.28	0.78	0.1	0.09	0.07	0.68	-0.47	0.75	0.12	0.27		0.65	0.59	0.35	0.36	-0.04	0.33	-0.41	-0.03	0.52	0.5	0.49	0.51	-0.07	0.34	0.36
Net Debt	0.41	0.8	0.24	0.18	0.27	0.66	-0.69	0.78	0.26	0.57	0.65		0.66	0.65	0.62	-0.14	0.44	-0.65	-0.1	0.48	0.78	0.57	0.47	0.07	0.23	0.6
Non Current Assets Total	0.43	0.79	0.22	0.12	0.45	0.92	-0.3	0.87	0.2	0.47	0.59	0.66		0.43	0.45	-0.61	0.73	-0.36	-0.53	0.94	0.73	0.91	0.94	-0.18	0.57	0.54
Net Receivables	0.82	0.65	0.76	0.72	0.77	0.57	-0.22	0.66	0.78	0.95	0.35	0.65	0.43		0.96	-0.22	0.45	-0.36	-0.02	0.12	0.81	0.62	0.14	-0.17	0.07	0.48
Common Stock Total Equity	0.81	0.67	0.74	0.7	0.73	0.62	-0.15	0.7	0.75	0.99	0.36	0.62	0.45	0.96		-0.22	0.48	-0.38	-0.01	0.15	0.79	0.6	0.16	-0.11	0.14	0.41
Common Stock Shares Outstanding	-0.12	-0.35	-0.03	0.05	-0.46	-0.52	0.19	-0.33	0.0	-0.26	-0.04	-0.14	-0.61	-0.22	-0.22		-0.28	0.31	0.93	-0.63	-0.29	-0.67	-0.65	0.31	-0.54	-0.17
Non Current Liabilities Total	0.54	0.4	0.41	0.33	0.47	0.64	0.02	0.7	0.38	0.5	0.33	0.44	0.73	0.45	0.48	-0.28		-0.1	-0.14	0.61	0.75	0.78	0.61	-0.38	0.05	0.55
Inventory	0.15	-0.4	0.29	0.33	0.1	-0.35	0.87	-0.33	0.26	-0.31	-0.41	-0.65	-0.36	-0.36	-0.38	0.31	-0.1		0.42	-0.3	-0.34	-0.36	-0.3	0.02	-0.28	-0.15
Other Stockholder Equity	0.16	-0.21	0.26	0.33	-0.21	-0.38	0.35	-0.16	0.28	-0.02	-0.03	-0.1	-0.53	-0.02	-0.01	0.93	-0.14	0.42		-0.62	-0.11	-0.56	-0.64	0.31	-0.58	-0.05
Property Plant And Equipment Gross	0.16	0.64	-0.05	-0.14	0.23	0.82	-0.29	0.71	-0.08	0.17	0.52	0.48	0.94	0.12	0.15	-0.63	0.61	-0.3	-0.62		0.47	0.8	1.0	-0.2	0.65	0.45
Intangible Assets	0.75	0.72	0.62	0.53	0.66	0.72	-0.25	0.84	0.61	0.79	0.5	0.78	0.73	0.81	0.79	-0.29	0.75	-0.34	-0.11	0.47		0.78	0.48	-0.11	0.04	0.56
Other Liab	0.56	0.69	0.39	0.3	0.65	0.87	-0.25	0.81	0.37	0.62	0.49	0.57	0.91	0.62	0.6	-0.67	0.78	-0.36	-0.56	0.8	0.78		0.82	-0.42	0.47	0.55
Property Plant And Equipment Net	0.17	0.64	-0.03	-0.13	0.26	0.82	-0.28	0.7	-0.07	0.18	0.51	0.47	0.94	0.14	0.16	-0.65	0.61	-0.3	-0.64	1.0	0.48	0.82		-0.21	0.65	0.45
Current Deferred Revenue	-0.19	0.04	-0.19	-0.19	-0.33	-0.2	0.06	-0.1	-0.17	-0.12	-0.07	0.07	-0.18	-0.17	-0.11	0.31	-0.38	0.02	0.31	-0.2	-0.11	-0.42	-0.21		-0.01	-0.03
Non Currrent Assets Other	0.05	0.55	-0.09	-0.13	0.18	0.54	-0.15	0.42	-0.1	0.16	0.34	0.23	0.57	0.07	0.14	-0.54	0.05	-0.28	-0.58	0.65	0.04	0.47	0.65	-0.01		0.11
Other Assets	0.46	0.53	0.34	0.31	0.36	0.57	-0.26	0.62	0.35	0.41	0.36	0.6	0.54	0.48	0.41	-0.17	0.55	-0.15	-0.05	0.45	0.56	0.55	0.45	-0.03	0.11

Click cells to compare fundamentals

Nova Lifestyle Account Relationship Matchups

Nova Lifestyle fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.6M	46.5M	29.5M	11.5M	6.2M	5.9M
Total Current Liabilities	1.5M	2.0M	1.8M	1.6M	3.7M	5.8M
Total Stockholder Equity	66.0M	40.9M	23.4M	6.6M	496.4K	471.5K
Net Tangible Assets	65.8M	40.7M	23.2M	6.4M	7.3M	7.0M
Retained Earnings	26.4M	351.4K	(19.6M)	(36.7M)	(44.4M)	(42.2M)
Accounts Payable	417.9K	743.8K	358.4K	321.3K	430.0K	408.5K
Cash	7.4M	8.7M	6.3M	1.4M	369.1K	350.7K
Total Liab	5.5M	5.6M	6.1M	4.9M	5.7M	9.7M
Total Current Assets	68.5M	43.3M	25.6M	8.2M	3.7M	3.6M
Common Stock	5.7K	5.8K	6.8K	7.2K	1.9K	1.8K
Other Current Liab	539.3K	327.2K	330.4K	414.8K	2.3M	2.4M
Net Debt	(4.7M)	(6.2M)	(2.8M)	1.5M	1.7M	1.1M
Non Current Assets Total	3.1M	3.2M	4.0M	3.3M	2.5M	2.4M
Net Receivables	415.1K	1.1M	523.0K	367.7K	88.3K	83.8K
Common Stock Total Equity	28.2K	28.6K	5.7K	5.8K	6.6K	6.3K
Common Stock Shares Outstanding	1.1M	1.1M	1.2M	1.4M	1.6M	1.1M
Liabilities And Stockholders Equity	71.6M	46.5M	29.5M	11.5M	6.2M	5.9M
Non Current Liabilities Total	4.0M	3.5M	4.3M	3.3M	2.1M	2.0M
Inventory	29.7M	32.8M	17.7M	4.9M	2.3M	2.2M
Other Stockholder Equity	39.6M	39.8M	42.7M	43.2M	44.4M	34.1M
Property Plant And Equipment Gross	2.8M	2.8M	4.2M	3.4M	2.6M	2.5M
Intangible Assets	4.2M	3.8M	19.2K	13.8K	8.5K	8.0K
Other Liab	1.8M	1.6M	1.5M	1.2M	1.0M	989.8K
Property Plant And Equipment Net	2.8M	2.8M	3.7M	3.1M	2.2M	2.1M
Current Deferred Revenue	26.5K	266.2K	394.4K	170.1K	306.5K	206.9K
Other Assets	43.3K	191.8K	72.7K	71.1K	1.0	0.95
Cash And Short Term Investments	7.4M	8.7M	6.3M	1.4M	369.1K	350.7K
Retained Earnings Total Equity	29.7M	35.0M	26.4M	351.4K	404.1K	383.9K
Capital Surpluse	38.7M	39.8M	40.2M	40.4M	46.4M	34.1M
Other Current Assets	30.9M	599.5K	1.1M	1.6M	984.9K	935.7K
Non Current Liabilities Other	4.5M	3.4M	4.0M	3.4M	3.0M	2.9M
Property Plant Equipment	136.5K	2.8M	3.7M	3.0M	2.7M	4.2M
Short Long Term Debt Total	2.7M	2.6M	3.5M	2.9M	2.1M	2.0M
Short Term Debt	481.1K	688.1K	731.3K	736.4K	702.0K	666.9K

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When determining whether Nova Lifestyle I offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova Lifestyle's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Lifestyle I Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Lifestyle I Stock:

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Is Nova Stock a good investment?

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What is Nova Lifestyle's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

Note that the Nova Lifestyle I information on this page should be used as a complementary analysis to other Nova Lifestyle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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When running Nova Lifestyle's price analysis, check to measure Nova Lifestyle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to predict the probability of Nova Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.

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Is Nova Lifestyle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova Lifestyle. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova Lifestyle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(4.96)

Revenue Per Share

7.123

Quarterly Revenue Growth

0.011

Return On Assets

(0.45)

Return On Equity

(2.17)

The market value of Nova Lifestyle I is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Lifestyle's value that differs from its market value or its book value, called intrinsic value, which is Nova Lifestyle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova Lifestyle's market value can be influenced by many factors that don't directly affect Nova Lifestyle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Nova Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Lifestyle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Nova Tax Provision vs Operating Income Analysis

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

Correlation Coefficient

Tax Provision

Operating Income

Nova Lifestyle fundamental ratios Correlations

Nova Lifestyle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nova Lifestyle fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Net	+ 1.0	Property Plant And Equipment Gross
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Net Tangible Assets
Common Stock Total Equity	+ 0.99	Common Stock
Total Stockholder Equity	+ 0.97	Total Assets

Net Debt	- 0.69	Cash
Other Liab	- 0.67	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.65	Common Stock Shares Outstanding
Inventory	- 0.65	Net Debt
Property Plant And Equipment Net	- 0.64	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.63	Common Stock Shares Outstanding